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181-200 of 4972
OCBC - Positive outlook despite supply constraints in 3Q21
https://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/ba428b972448ad787f9cb83fa8b2c4c214952c80.pdf?1636419014
Although this quarter wasn' t exceptional nor amazing, Venture should be able to end the FY well with the supply issues easing. Buy on weakness I would say if there is an opportunity.
Fiat500 ( Date: 08-Nov-2021 14:15) Posted:
What is your take on Venture after this Q3 result?
tongphlp ( Date: 08-Nov-2021 11:46) Posted:
| Week of 1 Nov 2021 |
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| Institutional investors net sell (-S$46.3m) vs. (-S$235.4m) a week ago |
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| Retail investors net sell (-S$20.0m) vs. (+S$121.2m) a week ago |
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| Top 10 Institution Net Buy (+) Stocks (S$M) |
Stock Code |
Week of 1 Nov 2021 |
Top 10 Institution Net Sell (-) Stocks (S$M) |
Stock Code |
Week of 1 Nov 2021 |
| UOB |
U11 |
48.6 |
SGX |
S68 |
(34.5) |
| DBS |
D05 |
13.1 |
Yangzijiang Shipbuilding |
BS6 |
(30.1) |
| ComfortDelGro |
C52 |
13.1 |
Keppel Corporation |
BN4 |
(18.7) |
| Suntec REIT |
T82U |
11.3 |
CapitaLand China Trust |
AU8U |
(15.2) |
| Thai Beverage |
Y92 |
11.0 |
Venture Corporation |
V03 |
(11.0) |
| SPH |
T39 |
10.6 |
SIA |
C6L |
(10.8) |
| AEM Holdings |
AWX |
9.5 |
ST Engineering |
S63 |
(10.1) |
| NetLink NBN Trust |
CJLU |
6.9 |
City Developments |
C09 |
(9.2) |
| Ascott Residence Trust |
HMN |
6.6 |
Mapletree Industrial Trust |
ME8U |
(7.6) |
| Ascendas REIT |
A17U |
6.1 |
OCBC |
O39 |
(6.7) |
| |
|
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| |
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| Top 10 Retail Net Buy (+) Stocks (S$M) |
Stock Code |
Week of 1 Nov 2021 |
Top 10 Retail Net Sell (-) Stocks (S$M) |
Stock Code |
Week of 1 Nov 2021 |
| Yangzijiang Shipbuilding |
BS6 |
42.1 |
UOB |
U11 |
(66.7) |
| SGX |
S68 |
22.5 |
AEM Holdings |
AWX |
(15.0) |
| CapitaLand China Trust |
AU8U |
14.4 |
SPH |
T39 |
(10.2) |
| Keppel Corporation |
BN4 |
14.2 |
ComfortDelGro |
C52 |
(9.9) |
| SIA |
C6L |
9.5 |
DBS |
D05 |
(9.8) |
| Mapletree Industrial Trust |
ME8U |
8.9 |
Suntec REIT |
T82U |
(8.9) |
| Japfa |
UD2 |
6.5 |
OCBC |
O39 |
(7.8) |
| ST Engineering |
S63 |
5.8 |
Ascendas REIT |
A17U |
(7.3) |
| City Developments |
C09 |
5.4 |
Wilmar International |
F34 |
(7.2) |
| iFast Corporation |
AIY |
4.4 |
SPH REIT |
SK6U |
(5.6) |
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|
What is your take on Venture after this Q3 result?
tongphlp ( Date: 08-Nov-2021 11:46) Posted:
| Week of 1 Nov 2021 |
|
|
|
|
|
| Institutional investors net sell (-S$46.3m) vs. (-S$235.4m) a week ago |
|
|
|
| Retail investors net sell (-S$20.0m) vs. (+S$121.2m) a week ago |
|
|
|
| |
|
|
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|
|
| Top 10 Institution Net Buy (+) Stocks (S$M) |
Stock Code |
Week of 1 Nov 2021 |
Top 10 Institution Net Sell (-) Stocks (S$M) |
Stock Code |
Week of 1 Nov 2021 |
| UOB |
U11 |
48.6 |
SGX |
S68 |
(34.5) |
| DBS |
D05 |
13.1 |
Yangzijiang Shipbuilding |
BS6 |
(30.1) |
| ComfortDelGro |
C52 |
13.1 |
Keppel Corporation |
BN4 |
(18.7) |
| Suntec REIT |
T82U |
11.3 |
CapitaLand China Trust |
AU8U |
(15.2) |
| Thai Beverage |
Y92 |
11.0 |
Venture Corporation |
V03 |
(11.0) |
| SPH |
T39 |
10.6 |
SIA |
C6L |
(10.8) |
| AEM Holdings |
AWX |
9.5 |
ST Engineering |
S63 |
(10.1) |
| NetLink NBN Trust |
CJLU |
6.9 |
City Developments |
C09 |
(9.2) |
| Ascott Residence Trust |
HMN |
6.6 |
Mapletree Industrial Trust |
ME8U |
(7.6) |
| Ascendas REIT |
A17U |
6.1 |
OCBC |
O39 |
(6.7) |
| |
|
|
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|
|
| |
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|
|
| Top 10 Retail Net Buy (+) Stocks (S$M) |
Stock Code |
Week of 1 Nov 2021 |
Top 10 Retail Net Sell (-) Stocks (S$M) |
Stock Code |
Week of 1 Nov 2021 |
| Yangzijiang Shipbuilding |
BS6 |
42.1 |
UOB |
U11 |
(66.7) |
| SGX |
S68 |
22.5 |
AEM Holdings |
AWX |
(15.0) |
| CapitaLand China Trust |
AU8U |
14.4 |
SPH |
T39 |
(10.2) |
| Keppel Corporation |
BN4 |
14.2 |
ComfortDelGro |
C52 |
(9.9) |
| SIA |
C6L |
9.5 |
DBS |
D05 |
(9.8) |
| Mapletree Industrial Trust |
ME8U |
8.9 |
Suntec REIT |
T82U |
(8.9) |
| Japfa |
UD2 |
6.5 |
OCBC |
O39 |
(7.8) |
| ST Engineering |
S63 |
5.8 |
Ascendas REIT |
A17U |
(7.3) |
| City Developments |
C09 |
5.4 |
Wilmar International |
F34 |
(7.2) |
| iFast Corporation |
AIY |
4.4 |
SPH REIT |
SK6U |
(5.6) |
|
|
| Week of 1 Nov 2021 |
|
|
|
|
|
| Institutional investors net sell (-S$46.3m) vs. (-S$235.4m) a week ago |
|
|
|
| Retail investors net sell (-S$20.0m) vs. (+S$121.2m) a week ago |
|
|
|
| |
|
|
|
|
|
| Top 10 Institution Net Buy (+) Stocks (S$M) |
Stock Code |
Week of 1 Nov 2021 |
Top 10 Institution Net Sell (-) Stocks (S$M) |
Stock Code |
Week of 1 Nov 2021 |
| UOB |
U11 |
48.6 |
SGX |
S68 |
(34.5) |
| DBS |
D05 |
13.1 |
Yangzijiang Shipbuilding |
BS6 |
(30.1) |
| ComfortDelGro |
C52 |
13.1 |
Keppel Corporation |
BN4 |
(18.7) |
| Suntec REIT |
T82U |
11.3 |
CapitaLand China Trust |
AU8U |
(15.2) |
| Thai Beverage |
Y92 |
11.0 |
Venture Corporation |
V03 |
(11.0) |
| SPH |
T39 |
10.6 |
SIA |
C6L |
(10.8) |
| AEM Holdings |
AWX |
9.5 |
ST Engineering |
S63 |
(10.1) |
| NetLink NBN Trust |
CJLU |
6.9 |
City Developments |
C09 |
(9.2) |
| Ascott Residence Trust |
HMN |
6.6 |
Mapletree Industrial Trust |
ME8U |
(7.6) |
| Ascendas REIT |
A17U |
6.1 |
OCBC |
O39 |
(6.7) |
| |
|
|
|
|
|
| |
|
|
|
|
|
| Top 10 Retail Net Buy (+) Stocks (S$M) |
Stock Code |
Week of 1 Nov 2021 |
Top 10 Retail Net Sell (-) Stocks (S$M) |
Stock Code |
Week of 1 Nov 2021 |
| Yangzijiang Shipbuilding |
BS6 |
42.1 |
UOB |
U11 |
(66.7) |
| SGX |
S68 |
22.5 |
AEM Holdings |
AWX |
(15.0) |
| CapitaLand China Trust |
AU8U |
14.4 |
SPH |
T39 |
(10.2) |
| Keppel Corporation |
BN4 |
14.2 |
ComfortDelGro |
C52 |
(9.9) |
| SIA |
C6L |
9.5 |
DBS |
D05 |
(9.8) |
| Mapletree Industrial Trust |
ME8U |
8.9 |
Suntec REIT |
T82U |
(8.9) |
| Japfa |
UD2 |
6.5 |
OCBC |
O39 |
(7.8) |
| ST Engineering |
S63 |
5.8 |
Ascendas REIT |
A17U |
(7.3) |
| City Developments |
C09 |
5.4 |
Wilmar International |
F34 |
(7.2) |
| iFast Corporation |
AIY |
4.4 |
SPH REIT |
SK6U |
(5.6) |
Ah Wong is old oreLEE...See if Ah Lee can do better under his watch..
lifeisgood ( Date: 06-Nov-2021 10:49) Posted:
| Ah Wong old oredi. Time to let go and bring in fresh blood. |
|
There' s a saying that OLD is GOLD:)
Experience can' t be bought....
lifeisgood ( Date: 06-Nov-2021 10:49) Posted:
| Ah Wong old oredi. Time to let go and bring in fresh blood. |
|
Ah Wong old oredi. Time to let go and bring in fresh blood.
Venture Corp changes executive leadership and corporate structure
Samantha Chiew Published on Fri, Nov 05, 2021 / 7:51 PM GMT+8 / Updated 11 hours ago
https://www.theedgesingapore.com/capital/leadership/venture-corp-changes-executive-leadership-and-corporate-structure
NO WONDER PRICE FALL LIKE NO TOMORROW...
Ah Wong ah Ah Wong!
VENTURE Corporation chief executive officer (CEO) Wong Ngit Liong will step down from this position on Jan 1, 2022,...
wait and see
NEUTRAL by Phillip Securities
Venture Corporation Limited-Disrupted quarterNovember 5, 2021 20
PSR Recommendation: NEUTRALStatus: Maintained
Last Close Price: 18.95Target Price: 19.20
Trade Now
- Results were below forecast. 3Q21 PATMI declined 4% YoY to S$77mn. YTD21 Revenue and PATMI were 66% and 63% respectively.
- Fulfilment of customer orders disrupted by global components shortages and the Extended Movement Control Order (or factory closures) in Malaysia.
- We are lowering our FY21e revenue and PATMI by 6% and 10% respectively. Recovery this quarter has been stalled due to production disruptions. The company mentioned that demand is healthy and broad-based demand. In addition, the workforce in Malaysia is almost fully vaccinated, which should allow manufacturing activities to resume as normal. We expect some spill-over of orders into 4Q21. We maintain our NEUTRAL recommendation. Our target price is rolled over to 16x PE FY22e, its 5-year average. Re-opening and removal of lockdown should ease pressure on the supply chain in FY22e. The share price is currently supported by dividend yields of 4.5%, 11% ROEs and S$853mn net cash.
The Positive
+ Healthy balance sheet and margins. Net margins improved marginally to 10%. We assume the high-value low mix projects have been sustaining margins despite the weaker revenue and loss of operating leverage. Net cash was S$853mn at 3Q21. There was a spike in inventory by S$154mn YoY to S$908mn. We believe there is buffer inventory to cope with the unpredictability in component supply.
The Negative
&ndash Another weak quarter in revenue. Pre-pandemic, the quarterly run-rate in revenue was around S$900mn. This has dropped to S$700m this year. Venture has struggled to keep revenues to pre-pandemic levels these past two years despite the global resurgence in electronics demand. The pivot to life science and consequent long timeline to ramp up is a factor, in our opinion. We expect revenue to rebound in 4Q21e to S$916mn, an 11% YoY rise.
Outlook
Venture commented that new product introductions are expected to flow to mass production over the next 12 months.
Maintain NEUTRAL with unchanged TP of S$19.20
Our FY21e and FY22e PATMI is lowered by 10% and 11% respectively
tongphlp ( Date: 05-Nov-2021 15:43) Posted:
L& T say BUY on weakness
Venture Corp ($18.95, unchanged) announced its 3Q21 results and noted that the demand/forecast for Venture Group&rsquo s services, products and soluƟ ons remained healthy and broad-based. Its net profi t was S$77 million for the third quarter ended Sep 30, up sequenƟ ally from S$75.1 million in the quarter before, which took its earnings per share (EPS) to S$0.264 for the quarter. While Venture did not provide year-ago EPS fi gures in its Wednesday statement, it had previously reported a net profi t of S$80.2 million in its Q3 2020 results. Revenue also rose sequenƟ ally to S$769.9 million, but was lower than S$818.4 million in the year-ago period. For the next 12 months, Venture expects this posiƟ ve trend to conƟ nue. Several new products will be launched into the markets globally, including products uniquely emanaƟ ng from Venture&rsquo s R& D Labs and manufacturing sites. The Group is also seeing strong trends in New Product IntroducƟ ons acƟ viƟ es, which are expected to fl ow through to mass producƟ on at our manufacturing sites over the next 12 months. Shipments in 3Q 2021 were impaired by sporadic lockdowns parƟ cularly in Southeast Asia due to Covid-19. The shortages of criƟ cal chips and parts exacerbated the situaƟ on. Despite these two impediments, Venture&rsquo s operaƟ ng enƟ Ɵ es and manufacturing workforce worked conscienƟ ously to overcome many setbacks to achieve sequenƟ al improvement in revenue and net profi t. By the end of September 2021, more than 96% of its workforce in Malaysia were fully vaccinated. Globally, more than 92% of Venture&rsquo s employees were fully vaccinated. As such, most of its employees, if not all, were able to return to work since September 2021. The remaining impediment is the availability of parts/components. The company&rsquo s priority now is to focus on various innovaƟ ve pathways to secure the delinquent parts/components. Venture is opƟ misƟ c of a posiƟ ve recovery going forward. To ascend to new heights of excellence, Venture will conƟ nue to make strategic investments to accelerate our transformaƟ on journey. Investments will be made to further strengthen the Group&rsquo s globally linked Clusters of Excellence, expand our talent pool in the areas of science and technology capabiliƟ es, and deepen our value proposiƟ on through synergisƟ c acquisiƟ on opportuniƟ es. At $18.95, market cap of Venture is S$5,524.4mln, trailing P/E is 18.0x, P/B is 2.1x, dividend yield is 4% and its current net cash posiƟ on of $852.7mln equates to 15.4% of present market cap. We note that since our ACCUMULATE recommendaƟ on on Venture Corp on 24-Jun-21 when its share price was $18.08, its share price had rallied by 4.8% in a span of 4.5 months. Given that we opine the share price of Venture may experience a negaƟ ve knee-jerk reacƟ on upon market open as its 3Q21 net profi t had seen a yoy decline despite its fundamentals remaining posiƟ ve, our call is now a BUY ON WEAKNESS recommendaƟ on.
https://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/4172d45767f30d71f0b87ab7969a18d7df306e3f.pdf?1636079372
tongphlp ( Date: 05-Nov-2021 15:35) Posted:
2 say BUY
1 say HOLD
Funny why price go DOWN then...NO ONE listens..
Best is stay at the sidelines and watch... |
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L& T say BUY on weakness
Venture Corp ($18.95, unchanged) announced its 3Q21 results and noted that the demand/forecast for Venture Group&rsquo s services, products and soluƟ ons remained healthy and broad-based. Its net profi t was S$77 million for the third quarter ended Sep 30, up sequenƟ ally from S$75.1 million in the quarter before, which took its earnings per share (EPS) to S$0.264 for the quarter. While Venture did not provide year-ago EPS fi gures in its Wednesday statement, it had previously reported a net profi t of S$80.2 million in its Q3 2020 results. Revenue also rose sequenƟ ally to S$769.9 million, but was lower than S$818.4 million in the year-ago period. For the next 12 months, Venture expects this posiƟ ve trend to conƟ nue. Several new products will be launched into the markets globally, including products uniquely emanaƟ ng from Venture&rsquo s R& D Labs and manufacturing sites. The Group is also seeing strong trends in New Product IntroducƟ ons acƟ viƟ es, which are expected to fl ow through to mass producƟ on at our manufacturing sites over the next 12 months. Shipments in 3Q 2021 were impaired by sporadic lockdowns parƟ cularly in Southeast Asia due to Covid-19. The shortages of criƟ cal chips and parts exacerbated the situaƟ on. Despite these two impediments, Venture&rsquo s operaƟ ng enƟ Ɵ es and manufacturing workforce worked conscienƟ ously to overcome many setbacks to achieve sequenƟ al improvement in revenue and net profi t. By the end of September 2021, more than 96% of its workforce in Malaysia were fully vaccinated. Globally, more than 92% of Venture&rsquo s employees were fully vaccinated. As such, most of its employees, if not all, were able to return to work since September 2021. The remaining impediment is the availability of parts/components. The company&rsquo s priority now is to focus on various innovaƟ ve pathways to secure the delinquent parts/components. Venture is opƟ misƟ c of a posiƟ ve recovery going forward. To ascend to new heights of excellence, Venture will conƟ nue to make strategic investments to accelerate our transformaƟ on journey. Investments will be made to further strengthen the Group&rsquo s globally linked Clusters of Excellence, expand our talent pool in the areas of science and technology capabiliƟ es, and deepen our value proposiƟ on through synergisƟ c acquisiƟ on opportuniƟ es. At $18.95, market cap of Venture is S$5,524.4mln, trailing P/E is 18.0x, P/B is 2.1x, dividend yield is 4% and its current net cash posiƟ on of $852.7mln equates to 15.4% of present market cap. We note that since our ACCUMULATE recommendaƟ on on Venture Corp on 24-Jun-21 when its share price was $18.08, its share price had rallied by 4.8% in a span of 4.5 months. Given that we opine the share price of Venture may experience a negaƟ ve knee-jerk reacƟ on upon market open as its 3Q21 net profi t had seen a yoy decline despite its fundamentals remaining posiƟ ve, our call is now a
BUY ON WEAKNESS recommendaƟ on.
https://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/4172d45767f30d71f0b87ab7969a18d7df306e3f.pdf?1636079372
tongphlp ( Date: 05-Nov-2021 15:35) Posted:
2 say BUY
1 say HOLD
Funny why price go DOWN then...NO ONE listens..
Best is stay at the sidelines and watch....
tongphlp ( Date: 05-Nov-2021 15:33) Posted:
But DBS & UOB say buy?....Who will prevail?
DBS call, 5/11/2021
Venture Corporation (VMS SP): Stronger earnings from 4Q onwards [BUY, TP: S$22.60]
- 3Q21 below expectations despite strong demand, dragged by supply chain disruptions
- Commendable 3Q21 net margin of 10% 9-month at 9.9%
- Expect a better 4Q21 and a stronger year ahead, on easing of supply chain disruptions and strong order momentum
- Tweaked FY21F/FY22F earnings by -4%/+1% maintain BUY with lower TP of S$22.60
UOBKH, 5/2021
Venture Corporation - 3Q21: Results below expectations customer demand remains healthy.
(VMS SP/BUY/S$18.95/Target: S$22.04)
3Q21 earnings of S$77m (-4% yoy/+3% qoq) missed our expectations by 7%, with 9M21 accounting for 68% of our 2021 estimates. The weaker-than-expected results are due to sporadic lockdowns and critical shortages of chips. VMS continues to see a strong customer demand. We expect the sequential improvement trend to continue, but at a lower magnitude. We trim our 2021 and 2022 EPS by 7%. Maintain BUY, and reduce target price by 7% to S$22.04 (pegged to +1SD, 19.5x 2022F PE)&hellip |
|
|
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super oversold...
tbooncho888 ( Date: 05-Nov-2021 13:44) Posted:
| venture is a buy today at 18.70, for tgt of 21.67 n 23 in the medium term |
|
2 say BUY
1 say HOLD
Funny why price go DOWN then...NO ONE listens..
Best is stay at the sidelines and watch....
tongphlp ( Date: 05-Nov-2021 15:33) Posted:
But DBS & UOB say buy?....Who will prevail?
DBS call, 5/11/2021
Venture Corporation (VMS SP): Stronger earnings from 4Q onwards [BUY, TP: S$22.60]
- 3Q21 below expectations despite strong demand, dragged by supply chain disruptions
- Commendable 3Q21 net margin of 10% 9-month at 9.9%
- Expect a better 4Q21 and a stronger year ahead, on easing of supply chain disruptions and strong order momentum
- Tweaked FY21F/FY22F earnings by -4%/+1% maintain BUY with lower TP of S$22.60
UOBKH, 5/2021
Venture Corporation - 3Q21: Results below expectations customer demand remains healthy.
(VMS SP/BUY/S$18.95/Target: S$22.04)
3Q21 earnings of S$77m (-4% yoy/+3% qoq) missed our expectations by 7%, with 9M21 accounting for 68% of our 2021 estimates. The weaker-than-expected results are due to sporadic lockdowns and critical shortages of chips. VMS continues to see a strong customer demand. We expect the sequential improvement trend to continue, but at a lower magnitude. We trim our 2021 and 2022 EPS by 7%. Maintain BUY, and reduce target price by 7% to S$22.04 (pegged to +1SD, 19.5x 2022F PE)&hellip
tongphlp ( Date: 05-Nov-2021 15:21) Posted:
Falling because of KE' s downgrade...
https://www.businesstimes.com.sg/companies-markets/brokers-take-maybank-ke-downgrades-venture-to-hold-as-chip-shortage-persists
Broker' s take: Maybank KE downgrades Venture to ' hold' as chip shortage persists
TEMPERING recovery expectations have led Maybank Kim Eng (Maybank KE) to downgrade its call on Venture Corporation to " hold" from " buy" while slashing its target price estimate to S$19.18 from S$25.13.
The new target price represents 17.3 times FY2022 earnings estimates, or 0.55 standard deviation points above the stock' s 17-year mean, versus 18.5 times previously.
In a report on Friday (Nov 5), analyst Lai Gene Lih said he expects the ongoing global component shortage to persist in FY2022, and hence limit the pace of Venture' s anticipated earnings recovery.
This has prompted Lai to cut his FY2021 to FY2023 earnings per share (EPS) estimates by 9 to 18 per cent. He is now projecting forward EPS of S$1.02, S$1.11 and S$1.21 versus S$1.13, S$1.36 and S$1.46, respectively.
Commenting on the group' s latest set of Q3 FY2021 financials, Lai noted that revenue fell year on year due to sporadic lockdowns in South-east Asia, which was further exacerbated by the shortage of critical chips.
Lai nonetheless continues to like Venture as he believes the group' s margins remain industry-leading, with a diverse base of mainly blue-chip customers as well as its net cash position since 2008......
|
|
|
|
But DBS & UOB say buy?....Who will prevail?
DBS call, 5/11/2021
Venture Corporation (VMS SP): Stronger earnings from 4Q onwards [BUY, TP: S$22.60]
- 3Q21 below expectations despite strong demand, dragged by supply chain disruptions
- Commendable 3Q21 net margin of 10% 9-month at 9.9%
- Expect a better 4Q21 and a stronger year ahead, on easing of supply chain disruptions and strong order momentum
- Tweaked FY21F/FY22F earnings by -4%/+1% maintain BUY with lower TP of S$22.60
UOBKH, 5/2021
Venture Corporation - 3Q21: Results below expectations customer demand remains healthy.
(VMS SP/BUY/S$18.95/Target: S$22.04)
3Q21 earnings of S$77m (-4% yoy/+3% qoq) missed our expectations by 7%, with 9M21 accounting for 68% of our 2021 estimates. The weaker-than-expected results are due to sporadic lockdowns and critical shortages of chips. VMS continues to see a strong customer demand. We expect the sequential improvement trend to continue, but at a lower magnitude. We trim our 2021 and 2022 EPS by 7%. Maintain BUY, and reduce target price by 7% to S$22.04 (pegged to +1SD, 19.5x 2022F PE)&hellip tongphlp ( Date: 05-Nov-2021 15:21) Posted:
Falling because of KE' s downgrade...
https://www.businesstimes.com.sg/companies-markets/brokers-take-maybank-ke-downgrades-venture-to-hold-as-chip-shortage-persists
Broker' s take: Maybank KE downgrades Venture to ' hold' as chip shortage persists
TEMPERING recovery expectations have led Maybank Kim Eng (Maybank KE) to downgrade its call on Venture Corporation to " hold" from " buy" while slashing its target price estimate to S$19.18 from S$25.13.
The new target price represents 17.3 times FY2022 earnings estimates, or 0.55 standard deviation points above the stock' s 17-year mean, versus 18.5 times previously.
In a report on Friday (Nov 5), analyst Lai Gene Lih said he expects the ongoing global component shortage to persist in FY2022, and hence limit the pace of Venture' s anticipated earnings recovery.
This has prompted Lai to cut his FY2021 to FY2023 earnings per share (EPS) estimates by 9 to 18 per cent. He is now projecting forward EPS of S$1.02, S$1.11 and S$1.21 versus S$1.13, S$1.36 and S$1.46, respectively.
Commenting on the group' s latest set of Q3 FY2021 financials, Lai noted that revenue fell year on year due to sporadic lockdowns in South-east Asia, which was further exacerbated by the shortage of critical chips.
Lai nonetheless continues to like Venture as he believes the group' s margins remain industry-leading, with a diverse base of mainly blue-chip customers as well as its net cash position since 2008......
tongphlp ( Date: 05-Nov-2021 13:15) Posted:
| how come falling like no tomorrow?...r they knowing more than we do?..................... |
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Falling because of KE' s downgrade...
https://www.businesstimes.com.sg/companies-markets/brokers-take-maybank-ke-downgrades-venture-to-hold-as-chip-shortage-persists
Broker' s take: Maybank KE downgrades Venture to ' hold' as chip shortage persists
TEMPERING recovery expectations have led Maybank Kim Eng (Maybank KE) to downgrade its call on Venture Corporation to " hold" from " buy" while slashing its target price estimate to S$19.18 from S$25.13.
The new target price represents 17.3 times FY2022 earnings estimates, or 0.55 standard deviation points above the stock' s 17-year mean, versus 18.5 times previously.
In a report on Friday (Nov 5), analyst Lai Gene Lih said he expects the ongoing global component shortage to persist in FY2022, and hence limit the pace of Venture' s anticipated earnings recovery.
This has prompted Lai to cut his FY2021 to FY2023 earnings per share (EPS) estimates by 9 to 18 per cent. He is now projecting forward EPS of S$1.02, S$1.11 and S$1.21 versus S$1.13, S$1.36 and S$1.46, respectively.
Commenting on the group' s
latest set of Q3 FY2021 financials, Lai noted that revenue fell year on year due to sporadic lockdowns in South-east Asia, which was further exacerbated by the shortage of critical chips.
Lai nonetheless continues to like Venture as he believes the group' s margins remain industry-leading, with a diverse base of mainly blue-chip customers as well as its net cash position since 2008......
tongphlp ( Date: 05-Nov-2021 13:15) Posted:
how come falling like no tomorrow?...r they knowing more than we do?......................
Joelton ( Date: 04-Nov-2021 09:33) Posted:
Venture Corp chalks up Q3 net profit of S$77m
VENTURE Corporation' s net profit was S$77 million for the third quarter ended Sep 30, up sequentially from S$75.1 million in the quarter before, the electronics manufacturing services firm said in a business update on Wednesday (Nov 3) after market close.
This took its earnings per share to S$0.264 for the quarter.
While Venture did not provide any year-ago figures in its Wednesday statement, it had previously reported a net profit of S$80.2 million in its Q3 2020 results.
Revenue also rose sequentially to S$769.9 million in Q3, but was lower than S$818.4 million in the year-ago period.
In Q3, fulfilment of strong demand from customers and partners was impaired by global components shortages and the Extended Movement Control Order in Malaysia from June, said Venture.
It added that demand for its services, products and solutions " remained healthy and broad-based" in Q3.
It expects this positive trend to continue for the next 12 months, with new products to be launched globally.
With more than 96 per cent of its Malaysia workforce and more than 92 per cent of its global workforce fully vaccinated, nearly all employees have been able to return to work since September.
As the remaining impediment is the availability of parts or components, the company' s priority " is to focus on various innovative pathways" to secure these, said Venture.
Investments will be made to strengthen its clusters of excellence, to expand science and technology talent, and in " synergistic acquisition opportunities" .
The latest update takes net profit for the first nine months of 2021 to S$217.4 million, up 3.2 per cent from the year-ago period.
Revenue for the first nine months is up 0.8 per cent at S$2.2 billion. Net asset value per share was S$9 as at Sep 30, 2021, from S$8.92 as at Dec 31, 2020.
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when Venture was at 19, 18 became a good buy.. then when at 18 suddenly 17 became attractive...depends on perspective..:)
tbooncho888 ( Date: 05-Nov-2021 13:44) Posted:
| venture is a buy today at 18.70, for tgt of 21.67 n 23 in the medium term |
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venture is a buy today at 18.70, for tgt of 21.67 n 23 in the medium term
how come falling like no tomorrow?...r they knowing more than we do?......................
Joelton ( Date: 04-Nov-2021 09:33) Posted:
Venture Corp chalks up Q3 net profit of S$77m
VENTURE Corporation' s net profit was S$77 million for the third quarter ended Sep 30, up sequentially from S$75.1 million in the quarter before, the electronics manufacturing services firm said in a business update on Wednesday (Nov 3) after market close.
This took its earnings per share to S$0.264 for the quarter.
While Venture did not provide any year-ago figures in its Wednesday statement, it had previously reported a net profit of S$80.2 million in its Q3 2020 results.
Revenue also rose sequentially to S$769.9 million in Q3, but was lower than S$818.4 million in the year-ago period.
In Q3, fulfilment of strong demand from customers and partners was impaired by global components shortages and the Extended Movement Control Order in Malaysia from June, said Venture.
It added that demand for its services, products and solutions " remained healthy and broad-based" in Q3.
It expects this positive trend to continue for the next 12 months, with new products to be launched globally.
With more than 96 per cent of its Malaysia workforce and more than 92 per cent of its global workforce fully vaccinated, nearly all employees have been able to return to work since September.
As the remaining impediment is the availability of parts or components, the company' s priority " is to focus on various innovative pathways" to secure these, said Venture.
Investments will be made to strengthen its clusters of excellence, to expand science and technology talent, and in " synergistic acquisition opportunities" .
The latest update takes net profit for the first nine months of 2021 to S$217.4 million, up 3.2 per cent from the year-ago period.
Revenue for the first nine months is up 0.8 per cent at S$2.2 billion. Net asset value per share was S$9 as at Sep 30, 2021, from S$8.92 as at Dec 31, 2020.
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Share price perfomance today says for itself!
Joelton ( Date: 04-Nov-2021 09:33) Posted:
Venture Corp chalks up Q3 net profit of S$77m
VENTURE Corporation' s net profit was S$77 million for the third quarter ended Sep 30, up sequentially from S$75.1 million in the quarter before, the electronics manufacturing services firm said in a business update on Wednesday (Nov 3) after market close.
This took its earnings per share to S$0.264 for the quarter.
While Venture did not provide any year-ago figures in its Wednesday statement, it had previously reported a net profit of S$80.2 million in its Q3 2020 results.
Revenue also rose sequentially to S$769.9 million in Q3, but was lower than S$818.4 million in the year-ago period.
In Q3, fulfilment of strong demand from customers and partners was impaired by global components shortages and the Extended Movement Control Order in Malaysia from June, said Venture.
It added that demand for its services, products and solutions " remained healthy and broad-based" in Q3.
It expects this positive trend to continue for the next 12 months, with new products to be launched globally.
With more than 96 per cent of its Malaysia workforce and more than 92 per cent of its global workforce fully vaccinated, nearly all employees have been able to return to work since September.
As the remaining impediment is the availability of parts or components, the company' s priority " is to focus on various innovative pathways" to secure these, said Venture.
Investments will be made to strengthen its clusters of excellence, to expand science and technology talent, and in " synergistic acquisition opportunities" .
The latest update takes net profit for the first nine months of 2021 to S$217.4 million, up 3.2 per cent from the year-ago period.
Revenue for the first nine months is up 0.8 per cent at S$2.2 billion. Net asset value per share was S$9 as at Sep 30, 2021, from S$8.92 as at Dec 31, 2020.
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